JFI, it's interesting that you mention that a business review is occurring. Amigo, do you have any more details? The way I see it, there are a number of juniors around Broken Hill who are in a similar position to that of SCI. For example, SCI, CCZ and, BPL are all living from year-to-year on capital raising (mainly from placements). Meanwhile, COB is cashed up with a partner, but has made enemies with other juniors by its tactics. At SCI the board, which mainly consisted of geologists, has been replaced recently with lawyers and merchant bankers. Have these new directors been brought in to sell off tenements so as to give SCI some financial sustainability? Or is consolidation with other players on the cards? The absence of announcements from all of these juniors may indicate that we are getting towards the pointy end.
SCI Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held